2018-19 Budget Public Hearing Presented by: Susan Smith Leland, Assistant Superintendent of Finance and Support Services Budget Staff: Jason Franklin, Executive Director of Business Services Barbara de Kruyf, Finance Manager Patti Goodall, Budget Coordinator
Our Mission Each student graduating with options and prepared to participate fully in our democracy.
District Core Values Service We serve our students, staff, families, and communities. Excellence We strive for excellence in all that we do. Equity We remove barriers and pursue outcomes that enable all students to realize their potential and maximize their future opportunities.
2018-19 Budget Hearing Topics • Public hearing • Review general fund recommendations • Review other funds • Discuss fund balance • Accept public comment • Expected Board actions upon adoption • Budget Resolution sets appropriations for ALL funds • Sets preliminary tax levies for calendar year 2018
School District Funds • School districts are organized and operate on a fund basis. A fund is a fiscal and accounting entity… • School districts are authorized to have several types of funds with different purposes: • General Fund is used to account for the general operations of the district. • Capital Projects is used for acquisition or construction of major capital facilities, including purchase of equipment and energy audits. • Debt Service Fund is for the accumulation of resources for, and the payment of, long- term debt principal and interest. • ASB Fund is a special revenue fund allowed, under Washington State law, to account for student body fund revenue and expenditures. • Transportation Vehicle Fund is used to provide for the purchase and major repair of buses. • Trust and Agency Funds to account for assets held by the district in a trustee capacity.
General Fund Used to account for the general operations of the district
District Budget Assumptions • Funds are provided to support student needs in the classroom • All new state funding has been included in the revenue • Levy collection has been reduced $8 million • Funds are allocated for their intended purpose or program • Resources are in place for district initiatives and priorities • Conservative enrollment projection • Updated state and federal categorical revenues and expenditures
District Initiatives and Priorities • Expanded focus on district-wide safety and security • Opening of Sartori Elementary School and related staffing • Continued support for West Hill Now and Renton Innovation Zone (RIZ) • Enhanced staffing to meet student needs • PK-2 behavior supports through enhanced funding for development of a multi-tiered system of supports (MTSS)
Enrollment Projection Modified Medium Range Forecast (w/o Running Start) Actual Actual Projected Projected October 2017 October 2017 October 2018 2018-19 Headcount FTE Headcount AAFTE Total Enrollment 15,462 15,271 15,228 15,001 Elementary (K-5) 7,718 7,711 7,568 7,446 Middle (6-8) 3,417 3,411 3,511 3,491 High (9-12) 4,327 4,149 4,159 4,064
Enrollment History by FTE (Annual Average FTE) 15,500 15,102 15,085 15,001 14,925 15,000 14,569 14,500 14,306 13,884 14,000 13,718 13,621 13,476 13,500 13,234 13,000 12,500 12,000 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Enrollment
Revenue Assumptions • 15,874 Full Time Equivalent Students (including Running Start, ALE, etc.) • 1,156 Vocational Education Students • 2,243 Special Education Students • 2,127 – 3 to 21 year olds • 116 – 0 to 2 year olds • Reduced levy collection $8 million • Built in $8 million in budget capacity
General Fund Revenue Summary Revenue Type Amount Local Taxes $ 43,464,935 Local Non-Tax 4,211,100 State, General Purpose 141,045,901 State, Special Purpose 44,265,448 Federal, General Purpose 3,000 Federal, Special Purpose 13,506,568 Other 10,428,400 Total $ 256,925,352
General Fund Revenue Percentages 4.06% 5.26% 16.92% 0.00% 1.64% 17.23% Local Taxes Local Non-Tax State, General Purpose State, Special Purpose Federal, General Purpose Federal, Special Purpose Other Total Revenues = $ 256,925,352 54.90%
Levy Collections Levy Description 2017 2018 2019 Levy – General $ 49,581,000 $ 53,077,000 $ 57,151,000 Less rollback -3,476,923 -1,526,400 -21,451,375 Actual Tax Levy 46,104,077 51,550,600 35,699,625 Levy – Debt Service 27,000,000 27,000,000 27,000,000 Levy – Capital Projects (Technology) 8,000,000 8,500,000 9,000,000 Levy – Capital Projects (Capital Construction) 18,500,000 17,500,000 16,000,000 Tax Rate: (per $1,000 of assessed value) 2017 2018 2019 General $ 2.28 $ 2.27 $ 1.50 Debt Service 1.34 1.19 1.13 Capital Projects (Technology/Construction) 1.31 1.15 1.05 Total $ 4.93 $ 4.61 $ 3.68 *Tax rates from ESD112 Financial Advisors
Expenditure by Program Program Description Amount Regular instruction $ 138,846,664 Special education 39,092,897 Vocational education 9,459,261 Compensatory education 19,657,036 Other instructional programs 8,482,357 Community services 1,441,654 Support services 39,945,483 Total $ 256,925,352 *Includes $8 million in capacity
Expenditure by Object Percentages 0.33% 8.99% 9.45% Certificated salaries Classified salaries 42.12% Benefits Materials and supplies Purchased services Travel/Capital outlay 23.25% Total Expenditures = $ 256,925,352 *Includes $8 million in budget capacity 15.87%
2018-2019 MSOC Certification The 2016 Legislature added a sentence at the end of the budget requiring that districts disclose, during the budget hearing, the use of the MSOC monies provided by the state. We use all MSOC monies provided by the state for its intended purpose.
General Fund – Fund Balance Fund balance will steadily decline as new state funding model is fully implemented Beginning fund balance 2018-19 17,330,444 Non-spendable 800,000 Restricted 2,340,300 Assigned 3,198,442 Unassigned* 10,991,702 Ending fund balance 2018-19 15,754,242 Non-spendable 800,000 Restricted 1,953,662 Assigned 1,038,105 Unassigned* 11,962,475 *Estimated beginning and ending fund balances meet 5% policy without contingency
Other Funds
Capital Projects Fund • Completion of Sartori Elementary School • Land acquisition for new school • Major construction projects and planning • Technology hardware and support of technology training and staff • Safety and security upgrades • Continuing support for critical facility needs • Includes capacity for sale of new bonds with passage of the proposed 2019 bond
Fall of 2018
Capital Projects Fund Summary Description Amount Beginning fund balance $ 21,220,600 Projected revenues 76,240,300 Projected expenditures 60,075,302 Transfers to the General Fund 824,000 Ending fund balance $ 36,561,598 *2019 Tax Collection Set at $25,000,000
Debt Service Fund Summary Description Amount Beginning fund balance $ 15,300,000 Projected revenues 27,097,400 Projected expenditures 28,059,688 Ending fund balance $ 14,337,712 *2019 Tax Collection Set at $27,000,000
Associated Student Body Fund Description Amount Beginning fund balance $ 1,018,172 Projected revenues 1,764,541 Projected expenditures 1,763,299 Ending fund balance $ 1,019,414 *Budget authorizes fundraiser and extracurricular activity
Transportation Vehicle Fund Description Amount Beginning fund balance $ 947,518 Projected revenues 749,000 Projected expenditures 912,700 Ending fund balance $ 783,818 *Budget authorizes the purchase of buses under our plan
Next Steps • Take public comment • Address public interest • Incorporate any new bargaining agreements • Bring a completed finalized budget to the School Board for approval on August 22, 2018
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